BizSugar.com › Startups › Do You Have an Exit Plan in Place?

Have you ever thought of an exit strategy as a part of your business plan? Can your business continue if you could no longer run it tomorrow? The question that arises in your mind would be, “why should I think of an exit strategy when I’m not ready to sell my business?” As a business owner, you need to understand that an exit plan will prepare you better for the inevitable transition of your venture – whether it is expected, unexpected or as the outcome of any undesirable circumstances that can or do arise. You can say that a business exit strategy plan is similar to your personal will that you would leave with your attorney.